Voya Financial is an American financial, retirement, investment and insurance company based in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. Voya began as ING U.S., the United States operating subsidiary of

ING Group The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banki ...

, which was spun off in 2013 and established independent financial backing through an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

Operations

Voya Financial Building, Minneapolis, August 2014

The company's main center for

broker-dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and ...

(the ''ING Financial Partners'' division) and

annuities In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...

businesses is located in

Des Moines, Iowa Des Moines () is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moine ...

. This center was first established in 1997 and employed 400 as of late 2014. On July 31, 2017, Voya entered into an agreement with

Cognizant Cognizant is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-hous ...

to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant.

References

External links

* {{Authority control Banks based in New York City Companies based in New York City Banks established in 2013 Financial services companies established in 2013 American companies established in 2013 Companies listed on the New York Stock Exchange

Operations

References

Further reading

External links